Economic growth, International Economics

Assignment Help:

Q. It is impossible for economic growth in a small country to lower that country's economic welfare, regardless of the bias of the growth. Explain.

Answer: This is a true statement that the reason economic growth may possibly hurt a country is if the terms of trade effect counters and dominates the growth effect. In the case of the miniature country there are no terms of trade effect.


Related Discussions:- Economic growth

Show distributional effects on the relative incomes, Q. The Specific Fact...

Q. The Specific Factors model clearly illustrates how the expansion of trade can have significant distributional effects on the relative incomes of different factors of productio

Describe the effects of the smoot-hawley tariff, Q. Describe the effects of...

Q. Describe the effects of the Smoot-Hawley tariff imposed by the United States in 1930. Answer: It had a damaging consequence on employment abroad. The foreign response occu

Germanys economic welfare, Q. At the conclusion of World War I, Germany, a...

Q. At the conclusion of World War I, Germany, as a punishment, was obliged to take a large transfer to France in the form of reparations. Is it possible that the actual reparation

Trade theory, haberler`s theory of neoclassical theory of trade

haberler`s theory of neoclassical theory of trade

Effects of government deficits on the current account, Q. Discuss the effec...

Q. Discuss the effects of government deficits on the current account. Answer: A difficult and hard issue that during the Reagan administration the creation of twin deficits whe

Alternative theories of international trade, what are the alternative theo...

what are the alternative theories of international trade?

What monetary measures keep current exchange rate constant, Q. Suppose E is...

Q. Suppose E is fixed at E 0 and that the asset markets are in equilibrium. Suddenly output rises. What monetary measures keep the current exchange rate constant given unchanged e

Peripheral Capitalism, I am writing a paper on dependancy theory in Ghana a...

I am writing a paper on dependancy theory in Ghana and I am having trouble understanding the basics of peripheral capitalism.

Opportunity cost theory of haberler, What is mean by opportunity cost model...

What is mean by opportunity cost model of haberler international treade

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd